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Gann PVS (Price vibration System) Trading

  • #201
  • Apr 17, 2012 2:53pm Apr 17, 2012 2:53pm
Quoting Ilovepippin

However, I guess nobody wants a profitable system even if it is right in front of their nose.

Ilovepippin - "You might think that we are not paying attention to your posts but........."
  • #202
  • Apr 17, 2012 3:38pm Apr 17, 2012 3:38pm
Thank you for your time lovepippin, I am learning here


Quoting Ilovepippin
What I am telling here is how to drive the car.
You don't need to know how it works in order to drive it.
We can trade Gann without going into all the "hooplah".
All you need are the trendlines, divergence, entry system (will come to that later) and MONEYMANAGEMENT! (emphasis added)

This picture here shows a little bit of how it works.
  • #203
  • Apr 17, 2012 5:15pm Apr 17, 2012 5:15pm
Thank you ILP for your posting, we are listening and digesting what you posted.
  • #204
  • Apr 17, 2012 5:54pm Apr 17, 2012 5:54pm
Thank everyone for your posting's, I am listening and trying to digest the info.
Some of use is gona take longer to understand than others, so be patient with us.
  • #205
  • Apr 17, 2012 8:40pm Apr 17, 2012 8:40pm
i've mentioned this before, but I think the optimum utilization of this indicator is to not use the AutoTF hi low but manually drag the red bar so that you get to choose the high and low points

like so:
Attached Image (click to enlarge)
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  • #206
  • Apr 18, 2012 8:45am Apr 18, 2012 8:45am
Quoting Ilovepippin
What I am telling here is how to drive the car.
You don't need to know how it works in order to drive it.
Fair enough.

Quote
MONEYMANAGEMENT!

I personally use fixed percentage risk per trade and calculate lot sizes accordingly, favouring all in -all out, rather than scaling in and out. However, I'll consider alternatives if you have a specific method that you want to discuss.

Cheers
  • #207
  • Apr 18, 2012 9:24am Apr 18, 2012 9:24am
... now ILP too and all other contributors. I just read through the thread this morning and it is a gem. Very generous of you all to share so much. Thanks again.
  • #208
  • Apr 18, 2012 10:43am Apr 18, 2012 10:43am
Quoting One day!
Fair enough.



I personally use fixed percentage risk per trade and calculate lot sizes accordingly, favouring all in -all out, rather than scaling in and out. However, I'll consider alternatives if you have a specific method that you want to discuss.

Cheers
Well, that is also a form of moneymanagement.
Everyone has their own "comfort zone", nothing wrong with that.

My suggestion is to use this EA with all your trades. You can set it anyway you like it.
I downloaded it somewhere from this forum a while ago.

Gann was very firm about using a stoploss.
Attached File(s)
File Type: mq4 #Multi purpose trade manager.mq4   38 KB | 1,053 downloads
  • #209
  • Apr 18, 2012 10:55am Apr 18, 2012 10:55am
OK, time to add the next tool to the mix.
Gann used a SQ9 technique to determine S/R.
He squared the price fixed it to an aspect e.g., 90, 180, 270, 360 degrees and used those levels to determine buy/sell signals.

Well, along comes this crazy mathemathician named Murrey and he basically figured out the same thing a different way.
His levels are very usable for trading and coincide with the Gann levels almost exactly.

So, as I said, sound has 8 octaves. Light has 7 different colors when you break it down. Gann has 8 lines, Murrey has 8 levels.
It is very simple, When price gets closer to 7 or 8, a turn down can be expected. When price is closer to 1 or 2 a turn up can be expected.

At either extreme a 50% retrace can be expected. 50% was Gann's favorite number. In Murrey Math it means the [4/8] level or 4th harmonic.

Attached is the indi. Please experiment and backtest.
Attached File(s)
File Type: mq4 Murrey_Math_Line_X.mq4   13 KB | 1,231 downloads
  • #210
  • Apr 18, 2012 11:04am Apr 18, 2012 11:04am
Quoting Ilovepippin
My suggestion is to use this EA with all your trades. You can set it anyway you like it.
I downloaded it somewhere from this forum a while ago.
Thanks for the link, I will have a look at that.

Quote
Gann was very firm about using a stoploss.

I have always used a hard stop loss. I know some like to use mental stops and other methods, but that is not for me.

With regard to one of your earlier posts, you mentioned using pythagoras - care to elaborate a little on that? It is an area that I have only recently started to research and find it interesting, so I would interested to read your take on it...
  • #211
  • Apr 18, 2012 12:05pm Apr 18, 2012 12:05pm
I have been using Murrey's lines for some time.. I'll post later on what each line means..

It's really good that we have ILP and all the others here to contribute and let us all learn bit by bit
There is nothing in the Universe but mathematical points of force.
  • #212
  • Apr 18, 2012 12:49pm Apr 18, 2012 12:49pm
8/8 th's and 0/8 th's Lines (Ultimate Resistance)
These lines are the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru these lines).


7/8 th's Line (Weak, Stall and Reverse)
This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line.


6/8 th's and 2/8 th's Lines (Pivot, Reverse)
These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down.


5/8 th's Line (Top of Trading Range)
The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level.


4/8 th's Line (Major Support/Resistance)
This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against.


3/8 th's Line (Bottom of Trading Range)
If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line.


1/8 th Line (Weak, Stall and Reverse)
This line is weak. If prices run down too far too fast, and if they stall at this line they will reverse up fast. If prices do not stall at this line they will move down to the 0/8 th's line.
There is nothing in the Universe but mathematical points of force.
  • #213
  • Apr 18, 2012 1:53pm Apr 18, 2012 1:53pm
If I line up the Gann lines with the Brooky indi I get a small deviation in angle.
We need to align the grid to the cycle.
The cycle I am mentioning is Gann's earth rotation cycle. That is what the Gann lines represent.
Also, if the Gann lines could be added, that would be great.
Attached Image (click to enlarge)
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  • #214
  • Apr 18, 2012 1:57pm Apr 18, 2012 1:57pm
Quoting One day!
Thanks for the link, I will have a look at that.



I have always used a hard stop loss. I know some like to use mental stops and other methods, but that is not for me.

With regard to one of your earlier posts, you mentioned using pythagoras - care to elaborate a little on that? It is an area that I have only recently started to research and find it interesting, so I would interested to read your take on it...
I did mention it, but we don't really need it.
We could, but you would be in the business of forecasting again, instead of trading.
Lets wait and see how it develops.
More info is here: http://www.stockcyclesforecast.com/scfbk.html
  • #215
  • Apr 18, 2012 2:49pm Apr 18, 2012 2:49pm
Quoting Ilovepippin
If I line up the Gann lines with the Brooky indi I get a small deviation in angle.
We need to align the grid to the cycle.
The cycle I am mentioning is Gann's earth rotation cycle. That is what the Gann lines represent.
Also, if the Gann lines could be added, that would be great.
that would be fantastic, actual usable lines that are plotted on a pips/time basis

a setting in the indicator to put the squaring ratio of choice would be a big plus too
  • #216
  • Edited 3:40pm Apr 18, 2012 3:13pm | Edited 3:40pm
Quoting moneydeep
I've been wandering around this forum for a while and been trading for around a year now. Still learning lots of stuff. I like to help others so posting this.

I call this the Gann Price vibration system. It is not a system by itself but is more a confirmation system. Add this to whatever method you trade and it will help you for sure.
It's based on the gann wheel. From a low you can predict possible points where the market will vibrate to. Same with a high. Price will either bounce off, gap through, or blow through these levels....
Hey MoneyDeep,

nice idea but Im afraid your calculations are wrong.

Regards


Hint:
From 105,41 to 106,73 is a degree of 11,53512° (not 45°)

(SQRT(106,73) - SQRT(105,41)) x 180 = 11,53512°
  • #217
  • Apr 18, 2012 3:49pm Apr 18, 2012 3:49pm
Gamon
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  • #218
  • Apr 18, 2012 4:06pm Apr 18, 2012 4:06pm
Quoting Ilovepippin
I did mention it, but we don't really need it.
We could, but you would be in the business of forecasting again, instead of trading.
Good point!

Quote
More info is here: http://www.stockcyclesforecast.com/scfbk.html

Thank you for the link.

With regard to this:
Quoting Ilovepippin
If I line up the Gann lines with the Brooky indi I get a small deviation in angle.
I am waiting on a response to this from Metaquotes. If anything is resolved, it may be relevant to Brooky's indicator.
  • #219
  • Apr 18, 2012 5:58pm Apr 18, 2012 5:58pm
http://forum.mt5.com/showthread.php?...N-GRID-???????

http://www.forexindo.com/forum/anali...ing-style.html
  • #220
  • Apr 19, 2012 1:14am Apr 19, 2012 1:14am
Quoting lotos7
http://forum.mt5.com/showthread.php?...N-GRID-???????

http://www.forexindo.com/forum/anali...ing-style.html
Thanks for the links Lotus.

Personally I do not use the Gann grid tool - I use this ICCE indicator that I have been coding based on Bemac's work. The reason being that it is more flexible than the Gann grid. For example, I can decide to show only the rising diagonals and switch off the falling diagonals.

Assuming Brooky comes back to the thread, I'll ask if he wants to use the same method instead of the Gann grid...failing that, I may write my own version....after improving the accuracy of the diagonals on the above mentioned indicator :nerd:
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